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1146 W Pratt Blvd 4,255 SF of Retail Space Available in Chicago, IL 60626
HIGHLIGHTS
- Easy access to the North Shore and throughout Chicago for large delivery route
- 3 blocks from the CTA Morse Red Line Station with easy access to downtown and North Shore
- Highly visible blade signage and other signage opportunities
- 4 blocks north of the Loyola University Campus
- Easy alley access for loading/ deliveries
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,255 SF | Negotiable | $28.00 /SF/YR $2.33 /SF/MO $119,140 /YR $9,928 /MO | Triple Net (NNN) |
1st Floor
Rarely available former restaurant site off Sheridan Rd. in the historic 160-unit Vivian building. At the corner of Pratt Blvd. and Sheridan Road just north of Loyola University, this iconic site is a fully operational restaurant, retail or hybrid opportunity with many features.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Kitchen
- Two fully built-out kitchens
- Two ADA bathrooms
- Private dining room for events or parties
- Lots of natural light
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 4,255 SF | Gross Leasable Area | 10,000 SF |
| Property Type | Retail | Year Built | 1900 |
| Property Subtype | Restaurant |
| Total Space Available | 4,255 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 10,000 SF |
| Year Built | 1900 |
ABOUT THE PROPERTY
Rarely available former restaurant site off Sheridan Rd. in the historic 160-unit Vivian building. At the corner of Pratt Blvd. and Sheridan Road just north of Loyola University, this iconic site is a fully operational restaurant, retail or hybrid opportunity with many features including: • Two fully built-out kitchens with equipment, hood and fire suppression system • Built out bar area and front of house FF&E • Two ADA bathrooms • Lots of natural light and open-air feel from operating windows that open to outside • Highly visible blade signage and other signage opportunities • Easy alley access for loading/ deliveries • Private dining room for events or parties • 4 blocks north of the Loyola University Campus • 3 blocks from the CTA Morse Red Line Station with easy access to downtown and North Shore • 1 block from Loyola Beach • Easy access to the North Shore and throughout Chicago for large delivery route • Perfect site with two kitchens for dine-in, take-out and delivery
NEARBY MAJOR RETAILERS
